Retail Ventures mulls sale of Value City division
December 7, 2006,
Columbus, Ohio – Retail Ventures Inc. (RVI) said it is exploring strategic alternatives for its Value City Department Stores operations, including a possible sale of the division.
Home Textiles Today reported that 2005 home textiles revenues for Filene’s Basement and Value City together totaled $144.0 million.
RVI has retained Financo and CIBC World Markets as its financial advisors in the strategic review. RVI ceo Heywood Wilansky emphasized, "The 'strategic alternatives' do not include RVI's other retail divisions DSW Inc. or Filene's Basement. Those two divisions are managed separately from Value City Department Stores."